Charles Russell Speechlys | Expert Insights: So the UK tax rules have changed: what does this mean for US people?
The UK’s tax landscape has undergone a seismic shift—and if you’re a US citizen with ties to the UK, these changes could have a significant impact on your financial planning. From the abolition of the remittance basis to a new four-year tax exemption for newcomers, the rules have been rewritten, and the implications are far-reaching.
In this detailed analysis, Charles Russell Speechlys breaks down what the new UK tax regime means for US persons, especially those navigating trusts, inheritance tax, and cross-border estate planning. With the concept of “domicile” replaced by “long-term residence” as the key factor for inheritance tax exposure, understanding your status has never been more critical.